New Delhi, [India] May 17 (ANI): The US Federal Reserve is likely to drop its easing bias at the next FOMC meeting and shift toward a tightening stance through 2026, with a 20% chance of a 25 bps hike in December if the Strait of Hormuz remained closed and energy prices spiked further, Elara Securities said in a research report.
The brokerage noted that inflation risks now decisively outweighed labour market concerns, keeping the Fed on hold for the rest of CY26.
